Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-30Manufacture of bread; manufacture of fresh pastry goods and cakes1862022-05-01false186falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10740633 2022-05-01 2023-04-30 10740633 2021-05-01 2022-04-30 10740633 2023-04-30 10740633 2022-04-30 10740633 c:Director1 2022-05-01 2023-04-30 10740633 d:Buildings d:ShortLeaseholdAssets 2022-05-01 2023-04-30 10740633 d:Buildings d:ShortLeaseholdAssets 2023-04-30 10740633 d:Buildings d:ShortLeaseholdAssets 2022-04-30 10740633 d:PlantMachinery 2022-05-01 2023-04-30 10740633 d:PlantMachinery 2023-04-30 10740633 d:PlantMachinery 2022-04-30 10740633 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10740633 d:MotorVehicles 2022-05-01 2023-04-30 10740633 d:MotorVehicles 2023-04-30 10740633 d:MotorVehicles 2022-04-30 10740633 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10740633 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10740633 d:CurrentFinancialInstruments 2023-04-30 10740633 d:CurrentFinancialInstruments 2022-04-30 10740633 d:Non-currentFinancialInstruments 2023-04-30 10740633 d:Non-currentFinancialInstruments 2022-04-30 10740633 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10740633 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10740633 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10740633 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 10740633 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 10740633 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 10740633 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 10740633 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 10740633 d:ShareCapital 2023-04-30 10740633 d:ShareCapital 2022-04-30 10740633 d:RetainedEarningsAccumulatedLosses 2023-04-30 10740633 d:RetainedEarningsAccumulatedLosses 2022-04-30 10740633 c:FRS102 2022-05-01 2023-04-30 10740633 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10740633 c:FullAccounts 2022-05-01 2023-04-30 10740633 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10740633 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 10740633 d:HirePurchaseContracts d:WithinOneYear 2022-04-30 10740633 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 10740633 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-04-30 10740633 d:HirePurchaseContracts d:MoreThanFiveYears 2023-04-30 10740633 d:HirePurchaseContracts d:MoreThanFiveYears 2022-04-30 10740633 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 10740633 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-30 10740633 d:LeasedAssetsHeldAsLessee 2023-04-30 10740633 d:LeasedAssetsHeldAsLessee 2022-04-30 10740633 e:PoundSterling 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 10740633










DOUGHNUT TIME (RETAIL) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023



 
DOUGHNUT TIME (RETAIL) LIMITED
REGISTERED NUMBER: 10740633

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
497,158
546,033

  
497,158
546,033

Current assets
  

Stocks
 5 
175,801
254,605

Debtors: amounts falling due within one year
 6 
720,139
535,259

Cash at bank and in hand
  
119,367
207,297

  
1,015,307
997,161

Creditors: amounts falling due within one year
 7 
(1,168,713)
(560,699)

Net current (liabilities)/assets
  
 
 
(153,406)
 
 
436,462

Total assets less current liabilities
  
343,752
982,495

Creditors: amounts falling due after more than one year
 8 
(200,104)
(150,241)

  

Net assets
  
143,648
832,254


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
143,548
832,154

  
143,648
832,254


Page 1

 
DOUGHNUT TIME (RETAIL) LIMITED
REGISTERED NUMBER: 10740633

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Thomas L Anderson
Director

Date: 20 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DOUGHNUT TIME (RETAIL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Doughnut Time (Retail) Limited is a private company limited by shares, registered and incorporated in England. The Company's registered office is 24 Robert Cort Industrial Estate, Britten Road, Reading, Berkshire, RG2 0AU. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

Page 3

 
DOUGHNUT TIME (RETAIL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
50%
Plant and machinery
-
33%
Motor vehicles
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
DOUGHNUT TIME (RETAIL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 186 (2022 - 186).

Page 5

 
DOUGHNUT TIME (RETAIL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2022
670,622
795,459
341,733
1,807,814


Additions
105,346
85,817
183,604
374,767


Disposals
-
-
(66,555)
(66,555)



At 30 April 2023

775,968
881,276
458,782
2,116,026



Depreciation


At 1 May 2022
525,793
590,903
145,085
1,261,781


Charge for the year on owned assets
124,541
136,901
112,949
374,391


Disposals
-
-
(17,304)
(17,304)



At 30 April 2023

650,334
727,804
240,730
1,618,868



Net book value



At 30 April 2023
125,634
153,472
218,052
497,158



At 30 April 2022
144,829
204,556
196,648
546,033

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
143,625
-

143,625
-


5.


Stocks

2023
2022
£
£

Ingredients
67,829
84,651

Packaging
107,972
148,510

Coffee and merchandise
-
21,444

175,801
254,605


Page 6

 
DOUGHNUT TIME (RETAIL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Debtors

2023
2022
£
£


Trade debtors
501
4,253

Other debtors
311,351
130,800

Prepayments and deposits
408,287
400,206

720,139
535,259



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
72,500
83,200

Trade creditors
519,325
220,974

Other taxation and social security
44,384
41,195

Obligations under finance lease and hire purchase contracts
73,601
3,365

Other creditors
218,225
83,883

Accruals and deferred income
240,678
128,082

1,168,713
560,699





8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
88,441
150,241

Net obligations under finance leases and hire purchase contracts
111,663
-

200,104
150,241


Page 7

 
DOUGHNUT TIME (RETAIL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

9.


Loans


2023
2022
£
£

Amounts falling due within one year

Bank loans
72,500
83,200

Amounts falling due 1-2 years

Bank loans
87,608
83,200

Amounts falling due 2-5 years

Bank loans
833
67,041


160,941
233,441



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
73,600
3,365

Between 1-5 years
77,325
-

Over 5 years
34,338
-

185,263
3,365

Hire Purchase liabilities are secured on the assets they relate to.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,735 (2022: £24,031). Contributions totalling £3,965 (2022: £3,688) were payable to the fund at the balance sheet date and are included in creditors.


Page 8